Charles Schwab (SCHW) FY2016 results: revenue $7.5 billion, up 17.2% on the year
Charles Schwab Corp. (SCHW) reported revenue of $7.5 billion for fiscal 2016, the year ended 31 December 2016, up 17.2% on the year before. Net income was $1.9 billion, up 30.5%, and diluted earnings per share $1.31. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$7.5 billion
+17.2% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$1.9 billion
+30.5% on the year
FY2009FY2016
Diluted EPS
$1.31
+27.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
7,478
6,380
6,058
+17.2%
Interest expense
171
132
102
+29.5%
Pre-tax income
2,993
2,279
2,115
+31.3%
Income tax
1,104
832
794
+32.7%
Effective tax rate
36.9%
36.5%
37.5%
Net income
1,889
1,447
1,321
+30.5%
Net margin
25.3%
22.7%
21.8%
Diluted EPS
$1.31
$1.03
$0.95
+27.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,603
1,246
2,348
+189.2%
Capital expenditure
346
266
400
+30.1%
Free cash flow
3,257
980
1,948
+232.3%
Free cash flow margin
43.6%
15.4%
32.2%
Cash from investing
-38,775
n/a
n/a
Cash from financing
34,963
n/a
n/a
Depreciation and amortisation
234
224
199
+4.5%
Share-based compensation
141
135
115
+4.4%
Buybacks
0.0
n/a
n/a
Dividends paid
486
387
373
+25.6%
Dividend per share
$0.27
$0.24
$0.24
+12.5%
Diluted shares, weighted
1,334m
1,327m
1,315m
+0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
16,421
13,402
11,803
+22.5%
Deposits
163,454
129,502
102,815
+26.2%
Short-term borrowings
0.0
n/a
n/a
Debt
2,876
2,877
1,899
-0.0%
Other liabilities
40,632
37,937
38,125
+7.1%
Total liabilities and equity
223,383
183,718
154,642
+21.6%
Fixed assets
1,299
1,145
1,039
+13.4%
Goodwill
1,227
1,227
1,227
0.0%
Intangible assets
144
181
227
-20.4%
Securities held for sale or to maturity
152,568
115,653
89,172
+31.9%
Loans
15,403
14,334
13,399
+7.5%
Securities borrowed
393
198
187
+98.5%
Cash and equivalents
10,828
11,978
11,363
-9.6%
Other assets
41,521
39,002
38,028
+6.5%
Total assets
223,383
183,718
154,642
+21.6%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.